For the first quarter, Aramex's net profit fell by 61% to 17.8 million dirhams compared to 46.7 million for the same period last year. "Performance in the first quarter of the year was under pressure from the constraints arising from the COVID-19 pandemic, which caused a negative impact on global trade flows and created new challenges for business growth and the geographic expansion of the company," said the CEO of Aramex.
Despite this, the shipping company affirmed its commitment to maintaining its strong and flexible domestic operations and financial performance in light of these exceptional circumstances. "We are committed to continuing to invest in enhancing our technological capabilities and expanding our regional and global business networks and logistics infrastructure. Given the ongoing and profound impacts of the pandemic, we are prepared for various scenarios and remain optimistic that we can overcome the current challenges," he added.
